Grayscale’s Bitcoin ETF hits $1.6b outflows hours before halving
The five-day streak of investors withdrawing their funds from Grayscale’s Bitcoin ETF preceded the Bitcoin halving event. This routine adjustment in the Bitcoin code, happening approximately every four years, is designed to preserve the digital currency’s scarcity. According to SoSoValue’s data collection, there were withdrawals amounting to $89.9 million from Grayscale, adding up to a … Read more